AviChina down 5% ahead of Airshow China – Suppliers Share Wrap

AviChina shares tumbled 5% in a generally bleak day for aerospace suppliers. Other companies to suffer large falls were Meggit (-4.7%), Rolls-Royce (-3.7%) – still dealing with its Trent 900 issues – and GKN Aerospace (-3.2%).

Next week will be a big one for the Chinese aerospace industry, with Airshow China due to be held in Zhuhai between 16-Nov and 21-Nov. Commercial Aircraft Corporation of China (COMAC), the Chinese state-owned manufacturing conglomerate, is expected to announce its first order for its new C919 narrowbody. The company is coming into the show on a high, having also announced it commenced assembly of the first ARJ21 production aircraft earlier this week. The ARJ-21 will make is show debut next week.

The indications are that while COMAC expects heavy support from the state and local carriers, it won't have everything its own way as it tries to break the duopoly of Airbus and Boeing in narrowbody aircraft.

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